The City's reluctance to take a stand on an issue like the British Gas pay row makes a mockery of corporate governance and shareholders' ability to influence annual general meetings. Institutions should be obliged to make public how they vote at such events. They should be obliged to provide customers with a record of how they vote on every kind of issue.
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It's not your salary that makes you rich, it's your spending habits.
It's not your salary that makes you rich, it's your spending habits.
Corporations cannot commit treason, or be outlawed or excommunicated, for they have no souls.
Corporations cannot commit treason, or be outlawed or excommunicated, for they have no souls.
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, read more
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, wings.
He that is rich is wise.
He that is rich is wise.
The difference between tax avoidance and tax evasion is the thickness of a prison wall.
The difference between tax avoidance and tax evasion is the thickness of a prison wall.
Money, the root of all evil...but the cure for all sadness.
Money, the root of all evil...but the cure for all sadness.
As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
We do not hear the term "compassionate" applied to business executives or entrepreneurs, certainly not when they are engaged in read more
We do not hear the term "compassionate" applied to business executives or entrepreneurs, certainly not when they are engaged in their normal work. Yet in terms of results in the measurable form of jobs created, lives enriched, communities built, living standards raised, and poverty healed, a handful of capitalists has done infinitely more for mankind than all the self-serving politicians, academics, social workers, and religionists who march under the banner of "compassion".
